Global Metamaterial Market Analysis, 2024-2030

The word “metamaterial” is used to describe a material or a component that is not essentially naturally occurring and something that does not have the necessary properties and characteristics of a natural material. It is synthetic. It can be seen in the industries of consumer electronics, medical, aerospace, defense and automotive. Metamaterials are used or created to fill in the vacuum left behind by naturally occurring things that cannot satisfy a condition. They are composite materials with electromagnetic properties when spoken about the aforementioned industries.

The report on global metamaterial market presents the crux of over 340 hours of synergized efforts of analysts, industry experts, and academician to assess the present market scenario. The findings are substantiated by a thorough analysis of the metamaterial industry value chain coupled with exhaustive secondary and primary research.

As per the report, this market is expected to be valued at USD X.XX Million by 2025, at a CAGR of XX.X% between 2017 and 2025. This industry has registered a steady growth of X.XX% on an average annually since 2013. It is to see a constant growth in demand for the next few years to come. There has been a rapid increase in the demand for metamaterials from the telecommunication sector, owing to their requirement in antennas and radars. The USA is told to be the leader in this sector for the forecast period.

In terms of revenue, the defense and the aerospace industries accounted for the significant share in the year 2016, and it is said that this will continue to go on for a few years. There are different types of metamaterials, and each of them is used based on the purpose of its application. For example, the medical metamaterial may not be the same as in aerospace metamaterial. Ever growing consumer electronics, and aerospace & defense industries, the need for advanced telecommunication and safety devices are the key factors likely to have positive impacts on the industry growth.

The major players in the metamaterials industry include Echodyne Inc., Fractal Antenna Systems, Kymeta Corporation, NKT Photonics, and Teraview. They are mainly focused on mergers & acquisitions and product developments for better and higher market shares in the overall industry. For instance, Metamaterial Technologies Inc. acquired the UK based Mediwise Ltd. in July 2018. MTI is a pioneer in photonics and smart materials, and Mediwise is a medical research and development company.

Our Approach

At Market Krystal, we believe in a systematic approach towards the problem at hand. The process begins with the identification of a challenge/opportunity, followed by an exhaustive brainstorming by in-house and consulting experts. Based on the outcomes, an in-depth research (primary & secondary) is carried out to collect industry insights. The data is then analysed by a gamut of techniques (Statistics, Machine Learning, Econometrics, and Analytics) to derive inter-disciplinary deductions that are executable and result in value creation.

Therefore, the global metamaterial market is segmented based on the application as the antenna, beam steering system, sensing, and frequency selective surfaces. These applications were mapped within different end-user industry such as telecommunication, automotive, medical instrumentation, and optics among others. The key economies involved in the rapid development of this industry are India, Germany, China, U.K, USA, and Russia.

Market Krystal ensured a holistic approach by involving experts from diverse functionalities and locations (Fig1). This allowed a 3600 view of the industry dynamic.

Figure 1 Primary research breakdown

Contents of the report:

• Insight on the current industry dynamics
• Estimation of the current market size in terms of value and volume
• Market breakup based on application, end-use and geography
• Substantiated market forecasting for the next five years
• Detailed analysis of the key companies operating across different nodes of metamaterial industry value chain

Please note: this is delivered as an excel file. Show more